What is an SMA?
Please read our Financial Services Guide – CLICK HERE
In order to make life simple I have established a two Separately Managed Accounts (SMA’s – a type of managed fund) which allows Members to invest with us. $50,000 minimum entry. We have two funds available a Growth Fund and an Income Fund.
“SMA” is a bit of jargon. From your point of view consider it as a fund, a mechanism that allows us to do your stock picking for you, that effectively appoints us as your own personal fund manager.
We have invested our own money into the SMA and offer Members and non-Members the opportunity to invest alongside us. WE have two funds the Marcus Today SMA (growth focused) and the Marcus Today Income SMA.
A feature of an SMA that might interest you is that through this structure you are the beneficial owner of the underlying shares, we are simply directing traffic. You are not buying units in our fund as you might with a managed fund, you (we) are buying the individual underlying stocks beneficially in your name (they are actually held beneficially in your name by the custodian HSBC).
Unlike a managed fund that has its own tax position, using the SMA you can utilise your own tax status and collect your own franking credits, which for pension phase investors is essential. It also means that if Marcus Today went bust we have no beneficial interest in your shares. They, and your cash, are instead held by the custodian (HSBC) with you as the beneficial owner. You DO NOT require a Financial Adviser – no adviser fee is payable.
Marcus Today SMA is designed for Investors who:
- Are seeking medium to long term capital growth, with some income.
- Are seeking an actively managed Australian equity portfolio with a relatively aggressive risk profile.
- Prepared to accept some fluctuation in short term returns.